Commonwealth Numbered Acts

TAX AND SUPERANNUATION LAWS AMENDMENT (2014 MEASURES NO. 6) ACT 2014 (NO. 133, 2014) - SCHEDULE 3

Income Tax Assessment Act 1936

1  Subsection 23AA(1) (definition of approved project )

Omit "or of the Joint Defence Space Communications Station", substitute ", of the Joint Defence Space Communications Station or of a Force Posture Initiative".

2  Subsection 23AA(1)

Insert:

"Force Posture Agreement" means the Force Posture Agreement between the Government of Australia and the Government of the United States of America done at Sydney on 12 August 2014, as amended and in force for Australia from time to time.

Note:          The Treaty could in 2014 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

"Force Posture Initiative" has the same meaning as in the Force Posture Agreement.

Note:          As well as some announced initiatives, this includes future initiatives that Australia and the United States mutually decide to be Force Posture Initiatives for the purposes of that Agreement.

3  Application of amendments

The amendments made by this Schedule apply in relation to assessments for the 2014-15 income year and later income years.